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Ascott surpasses 100th property milestone in China

The Ascott Limited has clinched seven new contracts to manage over 1,300 apartments across six cities in China and is on track to exceed its target of 80,000 units globally by 2020.

These properties mark Ascott’s first foray into Kunming and Yichang while deepening its presence in Chongqing, Dalian, Shenzhen and Xuzhou.

To date, Ascott has added more than 2,700 units across 15 properties in China this year. This is a 56% increase compared with the more than 1,700 units and 10 properties secured in the first half of 2016.